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Report: BP had 'multiple safety management deficiencies' in Deepwater explosion
The U.S. Chemical Safety Board says that oil giant BP needed to focus less on the routine personal safety of their employees and more on the potential hazards of deepwater drilling, according to a story in the Houston Chronicle. A report from the board to be released in Houston today, said that BP and Transocean, one of the partners in the drilling project, "had multiple safety management system deficiencies that contributed to the Macondo incident," the story said. The Press Register
Submitted 2 years 122 days ago

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BUSINESS FACILITIES 2012 STATE RANKINGS: Louisiana Tops in Economic Growth Potential
Louisiana has surged to the top of Business Facilities’ flagship Economic Growth Potential ranking in our 2012 State Rankings Report. “With a diverse and well-executed economic development strategy, a workforce training program that sets the standard for the nation and a full menu of innovative incentives, Louisiana is marching forward on a path to prosperity and growth,” said Business Facilities Editor in Chief Jack Rogers. Business Facilities
Submitted 2 years 122 days ago

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Business behind sales tax push
Georgia companies have poured millions of dollars into a campaign for a sales tax increase to fund transportation improvements, with hundreds of thousands of dollars in contributions flowing from road builders and others in the construction industry who could see their business boom if the measure is approved. Citizens for Transportation Mobility — the political action committee pushing the July 31 transportation referendum in metro Atlanta — took in $6.5 million from spring 2011 through July 16, according to a campaign finance report filed Monday. Records show the group dramatically outraised opponents of the tax increase: The Transportation Leadership Coalition, which is fighting the referendum, raised $14,418. Atlanta Journal Constitution
Submitted 2 years 122 days ago

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Poll: Arkansans oppose health care law despite high court ruling
LITTLE ROCK — Arkansans oppose implementation of the federal health care reform law despite a U.S. Supreme Court ruling that it is constitutional, according to results of a new poll. The same poll showed that Arkansans are split on the issue of legalizing medical marijuana. The poll conducted Thursday by Talk Business and Hendrix College found that 58 percent of respondents said opponents of the law should continue trying to block implementation, while 34 percent said opponents should step aside and let the law be implemented now that it has been held constitutional. The remaining 8 percent did not know. Arkansas News
Submitted 2 years 122 days ago

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The Affordable Care Act looks mighty expensive
In 2010, Democrats on Capitol Hill passed the Affordable Care Act. They decided to tax Americans who do not buy health insurance, and to require states to extend their Medicare programs to more people. The U.S. Supreme Court let stand the tax on people who don't purchase insurance, but said Democrats could not force states to expand Medicaid. Governors, unlike members of the U.S. Senate, do have to balance budgets. Accordingly, officials in many states are doing the math involved in expanding Medicaid. It's not pretty. Charleston Daily Mail
Submitted 2 years 122 days ago

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Gov. Deal pays $3,350 to settle ethics complaints
ATLANTA — Georgia Gov. Nathan Deal agreed Monday to pay $3,350 to settle three ethics complaints filed against him over his 2010 gubernatorial campaign. The Republican governor admitted to "technical defects" in multiple campaign finance disclosure reports. Ethics commission staff attorney Elisabeth Murray-Obertein said one complaint was based on Deal's campaign either leaving blank or incorrectly listing employers in relation to campaign staff. Athens Banner-Herald
Submitted 2 years 122 days ago

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Florida breaks top 10 in venture capital deals in 2nd quarter
Florida vaulted higher in the venture-capital rankings of U.S. states during the second quarter, as nearly a dozen companies received a combined $95 million from wealthy investment firms — a 163 percent increase from the previous quarter, according to a new survey. Orlando Sentinel
Submitted 2 years 122 days ago

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GE hiring workers to build giant vehicles at new Fort Worth plant
General Electric has begun hiring and training employees for its new mining equipment and locomotive manufacturing operations in far north Fort Worth. GE officials said Monday that they have hired and trained a handful of manufacturing workers to build electric-drive wheel systems for huge off-road vehicles used in mining. Many more must be hired and trained before the locomotive manufacturing plant can begin operations in the fourth quarter. The Star-Telegram
Submitted 2 years 122 days ago

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Regional bank Synovus reports fourth straight profitable quarter, earns 3 cents per share
It's now four profitable quarters in a row for Synovus Financial Corp., albeit by only an extra penny per share.The regional banking company, headquartered in downtown Columbus, reported this morning net income of $24.8 million in the second quarter of this year, a 16 percent increase.For investors, that adds up to 3 cents per share, up from 2 cents per share in the same April-June period a year ago. Columbus Ledger-Enquirer
Submitted 2 years 122 days ago

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Meet S. Truett Cathy, the 91-year-old billionaire behind Chick-Fil-A
Chick-fil-A caused quite the fuss last week by taking a stance against gay marriage. The company was criticized by the mayor of Boston, who promised to stop any attempt by Chick-fil-A to enter the city. Then, the Jim Henson Company spoke out against Chick-fil-A and ended its partnership with the company. President and COO Dan Cathy, the man who made the remarks slamming gay marriage, is the son of Chick-fil-A's founder and patriarch, 91-year-old S. Truett Cathy. Business Insider
Submitted 2 years 122 days ago

 

 

 

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Features & Opinion

 Top Ten Places in the South for Relocating California Companies

The America South is home to almost as many residents as the Northeast and the Midwest combined, but even that statistical record is about to be broken. According to a new Census Bureau study that came out in April, 51 percent of the nation's population jump occurred in the South from 2010 to 2013.
 

 Randle Report - Business News in the South

 FEATURE  
By Stacy Randle
Demographer Wendell Cox recently analyzed the largest gains in holders of bachelor's and post-graduate degrees between 2007 and 2012 in the 51 metro regions in the U.S. of 1 million residents or more. The results were published in Forbes magazine and the South dominated the ranking.
 

 Business News in the South - Randle Report

FEATURE     
This is our annual "Made in the South" issue and it's timely because there is a new player in the South's manufacturing universe. For almost two decades, economic developers and politicos in the South and the U.S. have been chasing Chinese projects with little or nothing to show. Want proof we've been chasing ghosts in China for years? Okay, go ahead and name a Chinese brand that's made in the South? Tick. . .tick. . .tick. Give up?
 
 Nashville Mayour Karl Dean

We try to change up the categories in our annual Ten Top 10s section, but we always include the "Ten People Who Made a Difference" category. This year though, we are honoring 12 and you will learn why by reading about this group of folks who have made a difference in the South. Here is our annual list that includes executives, economic developers and politicians who have made a difference in the South's economy.


 


 

 

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